Youth Unemployment Rate In South Africa 2024. The south african economy has recorded a notable shift in employment trends, with the official unemployment rate decreasing to 32.1% in the third quarter of 2024. In 2024, the absorption rate of young men was 31,9%, outpacing young women, whose rate stood at 24,2%.
For those between the ages of 15 and 24, the youth unemployment rate was 59.7% in the first quarter of 2024. Notably, south africa, the most industrialized country in africa, has one of the highest youth unemployment rates in the world, with 61% of people aged 15 to 24.
